Digital money transfer service WorldRemit and MTN Cote D’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote D’Ivoire.
With the WorldRemit app, the Ivorian diaspora can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire. This means people in Cote D’Ivoire can now receive vital remittance payments on their phones or at any of the 10,000 nearest MTN money transfer agents as cash.
MTN Mobile Money was established in Cote D’Ivoire in 2009 and is one of the largest Mobile Money services in West Africa, with more than three million accounts and 10,000 point-of-sale network.
In a country where 85% of adults lack bank accounts, MTN Mobile Money plays a vital role in supplying innovative and suitable financial services to the needs of the population. It allows Ivorians to securely store, send and receive money, pay for electricity and other bills, set up a savings account, and access a range of other financial products with just their phones.
Catherine Wines, co-founder and COO, WorldRemit, said: “Remittances are central to the lives of the Ivorian diaspora and the people they support back home. With Mobile Money (powered by MTN) increasingly becoming the norm in Cote D’Ivoire, WorldRemit and MTN are now giving Ivorians the security and convenience of receiving remittances on their phones as well.”